USD Index Floats over 97 during Ukraine Woes, as Us President Focusses State of the Union

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


The USD index undulates between 97.25 and 97.20 as traders expect US President (Joe Biden) first State of the Union during today’s Asian session.

The dollar measure musters the past day as the desire for risk worsen due to Ukraine-Russia news.

The Latest Developments and Key Points of Pay Attention
Recently, IMF(International Monetary Fund) and the world bank said that the war in Ukraine is creating a considerable amount of spillover effect in the countries, commodity prices increase, risk pushing more fueling inflation.

Also, Janet Yallen (US Secretary) said that the G7 will keep aiding the removal of Russia’s major financial companies from the SWIFT system. In addition, prepared comments for US President SOTU’s (State of the Union) speech indicate that he reiterated self-dependency to curb inflation, and at the same time condemning Russia’s attacks on Ukraine.

finance 4858797 640

It is important to note that peace talks between Russia and Ukraine isn’t over yet, and this keeps traders hopeful of a solution in the midst of recently applied force on Russia.

This may have aided the US Ten-Treasury yield doubling back yesterday’s losses near 1.75%, 4bps upwards. Also displaying a careful positivity in the market is the S&P 500 futures, moving by upward 0.33% in-day as at the time of publishing.

Going forward, the every two-year testimony of the US President about the State of the Union and the Federal Reserve System chairperson (Jerome Powell), will be very essential for traders to watch.

The US ADP employment switch for last month is also worth watching, as it is an early indicator for Friday’s NFP (non-firm-payroll).

You can purchase Lucky Block here: Buy LBlock

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *